The rise of China's currency, from of the rise of the red back. By examining the internationalisation of China’s currency, this project aims to enhance Australia’s capacity to respond to the rise of China and in particular to interpret financial stability and developments in China. China’s promotion of an internationalised profile of its currency stands at the heart of its current financial and economic strategy, and it may have profound implications on the future of the international monetary s ....The rise of China's currency, from of the rise of the red back. By examining the internationalisation of China’s currency, this project aims to enhance Australia’s capacity to respond to the rise of China and in particular to interpret financial stability and developments in China. China’s promotion of an internationalised profile of its currency stands at the heart of its current financial and economic strategy, and it may have profound implications on the future of the international monetary system and the world’s economic and political order. Using an innovative agent-centred institutional framework, the project intends to explore the political and institutional dynamics and internal and external aspects of Beijing’s currency strategy. This may shed light on the current debate on dynamics of institutional change and improve our understanding of China’s policymaking mechanisms.Read moreRead less
What's Changed? The Political Economy of Financial reform Since 2008. The project intends to chart, assess and explain the politics and policy associated with banking and financial sector reform in the wake of the 2008 financial crisis in the United States, United Kingdom, Europe, Canada and Australia. The key aims are to extend previous work to develop a firm-level model of financial risk and instability; use that model as a baseline to assess the post-crisis reform policy process; and explain ....What's Changed? The Political Economy of Financial reform Since 2008. The project intends to chart, assess and explain the politics and policy associated with banking and financial sector reform in the wake of the 2008 financial crisis in the United States, United Kingdom, Europe, Canada and Australia. The key aims are to extend previous work to develop a firm-level model of financial risk and instability; use that model as a baseline to assess the post-crisis reform policy process; and explain inter-country variation in, and the limits of, post-crisis policy reform. One particular focus is the relationship between competition and financial stability before and since the 2008 crisis. To what extent did competitive pressures drive risk-taking in the United States, United Kingdom and Europe? Have such pressures receded since 2008? Project outcomes may have policy implications for current efforts in banking reform.Read moreRead less